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WonderFi Reports Second Quarter 2025 Results
Newsfile· 2025-08-14 02:40
Achieved approximately $10.8 million in revenue and interest income during the quarter ended June 30th, 2025 Wholly owned trading platforms Bitbuy and Coinsquare surpassed $1.9 billion in client assets under custody as of June 30, 2025 Toronto, Ontario--(Newsfile Corp. - August 13, 2025) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) ("WonderFi" or the "Company") today announced its financial results for the three and six months ended June 30th, 2025. All financial references are in C ...
Supreme Court of British Columbia Grants Final Order to WonderFi Approving Acquisition by Robinhood
Newsfile· 2025-07-21 22:40
Core Viewpoint - The Supreme Court of British Columbia has granted a final order approving the acquisition of WonderFi Technologies Inc. by Robinhood Markets, Inc. through its subsidiary Wrangler Holdings Inc. at a price of C$0.36 per share [1][3]. Group 1: Acquisition Details - The acquisition involves WonderFi's common shares being purchased for C$0.36 each, with holders of brokers warrants receiving cash equal to the Black-Scholes value of each warrant prior to the closing [1]. - The acquisition is subject to the satisfaction or waiver of remaining conditions, including final regulatory approvals, and is expected to be completed in the second half of 2025 [3]. Group 2: Regulatory Approval - On July 17, 2025, Robinhood received a no-action letter from the Canadian Competition Bureau, indicating that there will be no application under the Competition Act regarding the acquisition [2]. Group 3: Company Overview - WonderFi is a leader in both centralized and decentralized financial services, managing over $1.7 billion in client assets under custody [6]. - The company aims to provide diversified investment exposure across the global digital asset ecosystem and owns market-leading brands such as Bitbuy, Coinsquare, and Bitcoin.ca [8].
WonderFi Securityholders Approve Acquisition by Robinhood; Earnout Rights Holders Approve Amendments to Earnout Rights Indenture
Newsfile· 2025-07-17 21:00
Core Viewpoint - WonderFi Technologies Inc. has received approval from its shareholders and brokers warrant holders for the acquisition by Wrangler Holdings Inc., a subsidiary of Robinhood Markets, Inc. [1][2] Group 1: Acquisition Details - The special resolution for the acquisition was approved by 96.28% of the votes cast by shareholders and 96.3% of the votes cast by brokers warrant holders [2] - Shareholders will receive C$0.36 per share as consideration, while brokers warrant holders will receive a cash amount based on the Black-Scholes value of their warrants [3] - A total of 321,024,400 votes were cast, representing approximately 48.36% of all issued and outstanding shares [2] Group 2: Next Steps and Timeline - WonderFi will seek a final order from the Supreme Court of British Columbia to approve the arrangement, with a hearing expected around July 21, 2025 [4] - The acquisition is anticipated to close in the second half of 2025, contingent on the satisfaction of all conditions in the arrangement agreement [4] Group 3: Earnout Rights Holders - Earnout rights holders have approved an extraordinary resolution to amend the earnout rights indenture, with 98.04% approval [5][6] - The last interim earnout payment period will be from July 1, 2025, to the earlier of the business day before the arrangement's effective date or November 14, 2025, with an aggregate earnout payment of $199,396 to be distributed [7][8] Group 4: Company Overview - WonderFi is a leader in centralized and decentralized financial services, managing over $1.7 billion in client assets [9] - The company aims to provide diversified investment exposure across the global digital asset ecosystem and owns market-leading brands such as Bitbuy and Coinsquare [10]